Avalanche: Examining impact of $6M whale activity on AVAX prices
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最新报道：Avalanche (AVAX) dropped 5% in the past 24 hours and 7% weekly amid broader crypto market correction, despite rising on-chain activity showing potential reversal signs. Whale accumulation included a purchase of 200,000 AVAX worth $6 million, while trading volume surged by $200 million to surpass $950 billion total. Development activity grew with smart contracts tripling to over 44 million in the past year, and FIFA's 2026 World Cup NFT partnership via AvaCloud may boost future engagement. Technical analysis indicates AVAX stabilizing near the 0.75 Fibonacci level, with reclaiming the 200 EMA as support needed to confirm a price reversal.
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